Truist Financial Corp Sells 2,716 Shares of iShares U.S. Utilities ETF (NYSEARCA:IDU)

Truist Financial Corp trimmed its stake in shares of iShares U.S. Utilities ETF (NYSEARCA:IDU) by 6.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 41,083 shares of the company’s stock after selling 2,716 shares during the quarter. Truist Financial Corp’s holdings in iShares U.S. Utilities ETF were worth $3,284,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. Modera Wealth Management LLC bought a new stake in shares of iShares U.S. Utilities ETF during the 3rd quarter valued at about $8,792,000. Bellwether Advisors LLC bought a new stake in iShares U.S. Utilities ETF during the third quarter valued at approximately $4,653,000. International Assets Investment Management LLC purchased a new position in iShares U.S. Utilities ETF in the 4th quarter worth approximately $2,101,000. Wakefield Asset Management LLLP purchased a new position in iShares U.S. Utilities ETF in the 4th quarter worth approximately $1,889,000. Finally, Raymond James & Associates increased its holdings in shares of iShares U.S. Utilities ETF by 55.9% in the 3rd quarter. Raymond James & Associates now owns 64,593 shares of the company’s stock worth $4,753,000 after buying an additional 23,160 shares during the last quarter.

iShares U.S. Utilities ETF Stock Performance

Shares of NYSEARCA:IDU opened at $89.03 on Wednesday. The firm has a market capitalization of $925.91 million, a PE ratio of 23.49 and a beta of 0.48. iShares U.S. Utilities ETF has a 52-week low of $68.87 and a 52-week high of $89.10. The firm has a fifty day moving average of $83.39 and a 200 day moving average of $80.02.

iShares U.S. Utilities ETF Company Profile

iShares U.S. Utilities ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Utilities Index (the Underlying Index). The Underlying Index measures the performance of the utilities sector of the United States equity market.